Search
Congressman Tom Emmer Offers to Help Donald Trump Fight Central Bank Digital Currencies
22.1.2024
Congressman Tom Emmer has offered to help former U.S. President Donald Trump fight the creation of a central bank digital currency (CBDC) in the U.S. “I agree with President Trump; CBDCs pose a serious threat to Americans’ right to financial privacy. I look forward to working with...
JPMorgan Warns of Incoming Bitcoin Selloff With Anticipated $3 Billion Grayscale Outflow
22.1.2024
Global investment bank JPMorgan has warned of additional outflow from Grayscale’s bitcoin fund, cautioning that it will put “further pressure on bitcoin prices over the coming weeks.” The bank’s analyst also explained that the $3 billion inflow into new spot bitcoin...
South Korean ‘Bogus Crypto Exchange’ Fraudster Jailed
22.1.2024
Source: MemoryMan/Adobe A South Korean court has sent an individual who provided a bogus crypto exchange with illegal bank documents to prison for four years. Per Busan Ilbo, Judge Kim Jae-yoon of Changwon District Court sentenced an unnamed individual “in their 30s” following a fraud conviction....
RBI Chief: Crypto Threatens Rupee Stability, Urges Investors to Be Cautious
20.1.2024
The head of India’s central bank, the Reserve Bank of India (RBI), has warned of significant risks associated with cryptocurrencies, particularly for emerging market economies. “It can impact your financial stability, currency stability, and monetary system,” RBI Governor...
Donald Trump Promises to Block Digital Dollar Creation — Calls CBDC ‘Dangerous Threat to Freedom’
19.1.2024
Former U.S. President Donald Trump has promised to stop the creation of a U.S. central bank digital currency (CBDC) if he is elected president of the United States. He explained that a digital dollar would give the federal government “absolute control over your money,” warning that...
Crypto Scam Based on TV Show The Boy’s Word Sweeping Russia, Warns Central Bank
19.1.2024
Source: May Thawtar/Adobe Russia’s Central Bank has warned citizens about a crypto “scam” project based on the hit drama series The Boy’s Word: Blood on the Asphalt. Per the media outlet VN.RU, the project also calls itself “The Boy’s Word.” But the Central Bank says the project is a “pyramid...
Trump’s Promise: “I Will Never Allow The Creation Of A CBDC”
18.1.2024
Former US President Donald Trump has been dismissive about the value of cryptos and central bank digital currencies (CBDCs) in the past. The 2024 Republican frontrunner has once again promised against the creation of a CBDC “to protect Americans from government tyranny.” Speaking in Portsmouth,...
Donald Trump Promises to "Never Allow" Central Bank Digital Currencies (CBDC) if Elected
18.1.2024
Former President Donald Trump joins Ron DeSantis as a critic of CBDCs
United States Lawmakers Introduce Bills to Exclude CBDCs from the Definition of Money
17.1.2024
United States lawmakers have proposed bills in four states to block possible definitions of a Central Bank Digital Currency (CBDC) as money. The bills were introduced in South Carolina, South Dakota, Tennessee, and Utah as anti-CBDC legislators seek to prevent the use of CBDC tokens in those...
Russian Central Bank ‘Turning a Blind Eye’ to Crypto-powered Trade – Senator
17.1.2024
Source: ulchik74/Adobe A Russian senator has claimed the nation’s Central Bank is “turning a blind eye” to firms that use crypto as a payment tool in international trade. Russia’s CoinSpot quoted Ivan Abramov, the First Deputy Chairman of the Federation Council Committee...
SAXO Bank big move: Lower fees for Australian and US market trades
16.1.2024
SAXO Bank, the online investment and trading platform, is one of the leaders of the said industry. It was founded in 1992, and since then, if anything has remained rock-solid, it is the image of the company. Services and products have constantly been enhanced to meet the needs of traders across...
Report: Egypt Wants to Have a Functioning CBDC by 2030
16.1.2024
Egypt reportedly aims to launch a central bank digital currency by 2030 to boost the competitiveness of its national currency. According to an Egyptian economic expert, a digital currency issued by the central bank is more secure than privately issued cryptocurrencies. Enhancing Monetary Policy...
JP Morgan: Bitcoin ETFs Could See $25 Billion Inflows From Existing Products Without Fresh Capital
15.1.2024
Source: AdobeStock / Alexey Novikov Banking giant JP Morgan projects a huge inflow into spot Bitcoin ETFs from other cryptocurrency-related products even without new capital from the wider financial market. JP Morgan Market Trends Report Highlights Inflows Following Bitcoin ETF Approval In a recent...
ECB Member Isabel Schnabel: Bitcoin Is ‘Speculative,’ ‘Unlikely’ to Be Purchased by the Bank
12.1.2024
Isabel Schnabel, member of the European Central Bank (ECB) executive board, has blasted bitcoin’s characteristics, stressing that it is a speculative asset unlike central bank digital currencies (CBDC) like the proposed digital euro. Schnabel stressed it was ‘unlikely’ that...
Domestic Exchanges Account for 99.7% of Brazilian Cross-border Crypto Trades – Central Bank
12.1.2024
Source: Alexey Novikov/Adobe Exchanges that buy coins overseas to sell on the domestic market account for most of Brazil’s cross-border crypto trade, a Central Bank report has found. The findings were published in an official post from the bank’s data analysis team. The authors reported...
What Is a Central Bank Digital Currency? A Brief Guide to CBDCs
11.1.2024
Central bank digital currency (CBDC) aims to take the benefits from blockchain-based digital currency and combine it with fiat currency under the control of the central bank
Nigerian Stablecoin Consortium Seeks Central Bank Approval After Making a U-Turn on Stablecoin Launch
11.1.2024
The Nigerian stablecoin consortium has said it will not be launching a stablecoin in late February as previously advised. Instead, the consortium, which is comprised of banks and fintech startups, said it plans to launch the stablecoin only after it gets the green light from the central bank....
RBI Governor Remains Critical of Crypto, Says World Can Not Take Crypto Mania Like Tulip Mania
11.1.2024
Source: X / @FinMinIndia The governor of the Reserve Bank of India, Shaktikanta Das, has reiterated the central bank’s negative stance on crypto. He said that the RBI’s position on cryptocurrency remains unchanged. “Traveling down that path will create huge risks. I don’t think...
Bitcoin is “Not Taking Off” as Mainstream Payment: BoE Governor
11.1.2024
Source: AdobeStock / Iakov Kalinin Andrew Bailey, Bank of England governor, says cryptos lost its momentum to keep up a in the mainstream payments system. He stressed that cryptos such as Bitcoin are “pretty inefficient” as a payment method as it has not “keep up the momentum.” “My own sense...
European Central Bank Shows It’s Serious About Enabling Digital Euro Offline Use
11.1.2024
The central bank plans to allocate the lion’s share of its $1.3 billion contract budget for providers to work on enabling offline payments for a digital euro